2021-05-19
May 19, 2021 - Russia's Rusal to demerge its higher carbon assets and change name.
United Co. Rusal International PJSC said it’s planning to split off its higher-carbon assets to create two separate businesses, with one focused on the low-carbon aluminum market.
Last month, Rusal’s parent said the company has produced aluminum with the lowest carbon footprint as the race for cleaner sources of the metal intensifies. Demand from Europe’s auto industry is driving the development of so-called “green aluminum,” with consumers prepared to pay a premium for metal with a smaller carbon footprint.
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